As a participant in Microsoft for Startups, Tribe Payments will gain access to Microsoft’s technology and expertise, and benefit from Microsoft’s extensive partner network.
The company’s acceptance into the programme coincides with the offering of versions of all solutions in the cloud.
While Tribe continues to offer an on-premise solution where needed, its cloud-based services will provide customers with enhanced flexibility and the ability to scale, expand across borders, and work better in complex regulatory environments.
An issuer and acquirer processor, Tribe works with banks, Fintechs and payment companies to help them offer a broader, more innovative range of financial services to their customers.
Fintech disruption trends: a changing payment landscape on the horizon
“We’ve got big ideas and big plans for our technology and for Tribe’s growth.” said Alex Reddish, chief commercial officer at Tribe Payments. “But, these ambitious plans will only be successful if we continue to build in a scalable, sustainable way.
“This is a principle that sits at the core of Tribe’s approach, and working with Microsoft’s world-class cloud infrastructure and expertise will underpin that.
“Working in the cloud offers better control over where data is located, along with better security, availability and scalability – these are all essential for our customers. We will also be able to deliver better speed to market for new products.
“Our aim is to provide Fintechs, banks and payments businesses with innovative, streamlined solutions that help them scale quickly and successfully. Microsoft’s technology and partner ecosystem help us deliver on that mission.”
Amali de Alwis, UK managing director at Microsoft for Startups, commented: “Fintech is definitely an exciting area for us, but we’re particularly delighted to welcome Tribe to our startup programme because of their refreshing approach and technical capabilities.
“They’re agile problem-solvers with the drive to open up Fintech to a broader range of businesses – to take Fintech beyond traditional financial services.
“We’re excited to support Tribe as a member of our programme and we’ll watch their progress with great interest.”